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Monday, September 24, 2007

About my RBC Global Resources Fund

On August 31, 2007, I invest 1 000$ in the RBC Global Resources Fund. Back then, we were still in the credit crisis and I wasn't sure if it was a good time to invest. I listen to my little voice and I invest a little 1 000$. It does appear to be one of the best decisions I have ever made.

On August 31, I buy a total of 28.39 units of the RBC Global Resources Fund at 35.2159$. That was in August 31, 2007. Now, in date of September 24, 2007, I made a total of 65.39$ with the RBC Global Resources Fund.

I just like mutual funds and I just don't understand why people try to avoid so many fees when buying mutual fund and I don't understand the "couch potato" thing, when people buy e funds or try to buy funds having the lowest fees. Focus should be put on how much the manager is able to get from is fund and not the fees.

I have a good example I can take from my Fonds Desjardins Fidelity Frontière Nord. this is the first fund I buy, back in 2006 I believe. I buy each part at 13$ and something, and now each unit worth 17,966$. I have made 1291.95$. I made 291.95$ with the fund, in date of today. The fees might be more than 2% for the fund, but I have here a really good Fidelity fund, and my money is well protecting in here. Does my money would be doing as well in a lower cost fund? I don't think so.

I will aloud any manager to take as much as 3% of my money if they can give me a fund that will be able to take it if I can say whenever the "bourse" crash down. Because of my lack of knowledge in stocks, I prefer to buy mutual funds, feel secured about my money and pay high fees. The fees for the RBC Global Resources are 2.40% or 2.18%. And I really don't care.

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About Me

I am a French Canadian, New Brunswicker. On August 5th, 2009, I reach my goal, which was to have 50 000$ in investment assets. My larger goal is to reach financial freedom and, if not retired early, at least live happily with my money and be able to reach my objectives. It's all have to begin with a first 50 000$. My email, if you like to say hello: myfirst50000 (at) yahoo.ca